Our chancellor Rishi Sunak announced yesterday his plans to help get the economy going.
This included “ …………….meals eaten at any participating restaurants from Monday to Wednesday during August will be 50% cheaper, up to a maximum discount of £10 per head for everyone.” source
Excuse me for asking, but where could I get a decent meal in a restaurant (McDs and Burger King do not count) for £20? The last time Hubby and I had a meal in a restaurant was over 2 years ago and that set us back £53, no alcoholic drinks either as we’re teetotal.
Or maybe he’s talking about main courses only as most are around £16 – £20 now.
Look at the list in that article of the top riskiest places (sorry for it being fuzzy)
The Government are deliberately herding everyone together without thought or consideration for the consequences in a bid to ‘get the economy going’.
Now I’m no expert, and I know that businesses have to make money in order to stay in business. And for them to do that, they need paying customers.
Well, if the majority are sick or dying, there won’t be very many, despite the Chancellor’s big plans of cutting VAT, vouchers to spend on home improvements and dining out, and money to spend in certain industries.
Every time I ring the bank, one of the recorded messages is about mortgage, loan and credit card holidays.
So, I was thinking……. in my naive little way…….though I know I won’t explain it very well:
Why can’t our Chancellor give businesses a similar break and instruct councils and landlords to give ‘holidays’ or reductions to their tenants in their lease payments and unit hires for this year?
Why can’t he reduce the VAT and income tax on their revenue bills, as many will be having a bad year and won’t have the usual turnover, that is if they can stay afloat in the coming months anyway?
Thing is, even I can see that isn’t generating revenue for the councils or treasury.
Mr Sunak’s remedy seems to be print money (aka vouchers) with conditions so that people put themselves at risk in order to spend money they haven’t got (being furloughed or now unemployed because of layoffs) and put it on credit which doesn’t have to be repaid……… yet.
And don’t get me started on his gem of relaxing stamp duty on properties up to half a million in a bid to get that market moving! It will only falsely inflate values, and if you needed a mortgage? Who is going to lend the money????
Ronald Reagan said the 9 most terrifying words in the English language were
“I’m from the government and I’m here to help”.
He definitely got that right.